Worldwide jewelry sales rise by 4% in 2018 - ALROSA

Global sales of diamond jewelry grew by 4% in 2018 compared with last year and amounted to $85.9 billion.

Today

RAPAPORT organises melee auction in Belgium

Rapaport Auctions is organizing a melee auction in Belgium from March 25-27, AWDC reported.  

Today

Namdia receives 78 bids from potential diamond buyers

Namibia’s state-owned diamond trading company, Namib Desert Diamonds (Namdia) has received 78 applications from potential diamond buyers around the world, according to local news reports.

Yesterday

ALROSA changes its client policy to maximize profit

ALROSA, a Russian diamond mining company, intends to modernize its client policy to increase the company's profit, FINMARKET.RU reports, citing the company's CEO, Sergey Ivanov.

Yesterday

Synthetic diamond coating is a new challenge for gemmologists

A study concerning a yellow crystal submitted for analysis to the Far East Geological Institute (FEGI) showed that the stone was a synthetic moissanite covered with a thin diamond film, says a report in the Gemmological Institute of America (GIA)...

Yesterday

Those Warranties on Diamond Invoices Are Changing

29 december 2018
(jckonline.com) - Ever since 2003, after the Kimberley Process (KP) went live, World Diamond Council (WDC) has required that all natural diamonds have the following wording stamped on their invoice: The diamonds herein invoiced have been purchased from legitimate sources not involved in funding conflict and in compliance with United Nations resolutions. The seller hereby guarantees that these diamonds are conflict free, based on personal knowledge and/or written guarantees provided by the supplier of these diamonds. The World Diamond Council recently adopted new language for the invoices, which it will ask everyone in the diamond industry to use starting next year: The diamonds herein invoiced have been purchased [or sourced] from legitimate sources not involved in funding conflict, in compliance with United Nations Resolutions and corresponding national laws. [If they wish, companies can list the countries from which they are sourced.] The seller hereby guarantees that these diamonds are conflict free and confirms adherence to the WDC SoW Guidelines. WDC president Stephane Fischler says the group had long wanted to strengthen the system of warranties (SoW), the voluntary system that backs up the Kimberley Process.